Applied Underwriters

Applied Underwriters launches surety division led by ex-Argo exec Betz

Applied Underwriters has continued its specialty lines expansion with the launch of a surety division led by Joshua Betz, who joins after 14 years as president of Argo Surety.

Applied to acquire E&S carrier from Axa XL through IBT process

Applied Underwriters is to acquire Catlin Specialty Insurance Company from Axa XL, in a move intended to bolster Applied’s operating capabilities in support of its strategic partners as the E&S market hardens.

Applied Underwriters hits back at QBE’s lawsuit over aviation hires

QBE North America has sued Applied Underwriters over the hire of 13 executives, including former head of aviation Steven Allen, with Applied hitting back at what it described as a “plainly meritless” nuisance suit.

Applied Specialty launches infrastructure facility led by former HDI exec

Fast-growing Applied Specialty Underwriters has launched a new underwriting facility led by former HDI executive John Schossler that will target the burgeoning US infrastructure construction sector with up to $4mn of available primary limits and up to $10mn in excess, The Insurer can reveal.

Applied UW launches aerospace program with Lewis-led PartnerRe team

Expansive Applied Underwriters is continuing to add high-profile underwriters to its MGA platform with the launch of an aerospace program underwritten by a former PartnerRe D&F team led by Jon Lewis that will be supported by an ongoing partnership with the Bermudian reinsurer, The Insurer can reveal.

QBE NA’s Allen-led aviation team heading to Applied Underwriters

QBE North America’s head of aviation Steven Allen is expected to re-emerge at Applied Underwriters to launch a new underwriting unit on the company’s expansive MGA platform, The Insurer can reveal.

Applied UW to secure Alaska Timber acquisition

Expansive US insurance group Applied Underwriters expects to complete the acquisition of Alaska Timber Insurance Exchange (ATIE) as soon as the fourth quarter of this year as it aims to use the entity to gain market share in the state.

Applied acquires Generali’s US specialty lines business

Applied Underwriters has acquired Generali’s US specialty lines division, in the latest in a series of expansionary moves for the carrier.

Centauri buys Gulfstream AL, LA and SC renewal rights

Applied Underwriters-owned Centauri Insurance has acquired renewal rights to around 16,700 policies across Alabama, Louisiana and South Carolina from homeowners specialist Gulfstream as it deepens its penetration in the Southern states, The Insurer can reveal.

Applied Underwriters closes acquisition of Florida carrier Centauri

Applied Underwriters has completed its acquisition of Centauri Specialty Insurance Company and Centauri National Insurance Company, a deal that was first announced in April.

Applied hires Black to lead middle market E&S expansion

Applied Underwriters has appointed John Black as executive vice president of its newly expanded specialty division, with the new hire focusing on middle market E&S casualty risks.

Applied UW confirms McGill-led US financial lines launch

Expansive insurance group Applied Underwriters has confirmed the launch of a US division of its financial lines business unit that will be led by Stephen McGill, in a move first revealed by The Insurer, and said it will initially roll out a variety of directors’ and officers’ (D&O) coverages.

Applied UW lures Fiamma-led trio from AIG to launch fine art and collectibles unit

Ambitious US insurance group Applied Underwriters has taken Ron Fiamma, Rand Silver and Christopher Walsh from AIG to build out its newly formed Applied Fine Art & Collectibles unit, The Insurer can reveal.

Applied UW launches EU financial lines unit with StarStone renewal rights deal

Expansive insurance group Applied Underwriters has formed Applied Financial Lines, which will begin by underwriting a $45mn Europe and Middle East renewal book acquired from StarStone as a platform for a broader expansion into specialty insurance business in the region, The Insurer can reveal.

Applied Underwriters sues CDI’s Lara over rehabilitation of subsidiary

Applied Underwriters has sued California insurance commissioner Richardo Lara over a rehabilitation plan for a subsidiary that was placed into conservatorship in response to the workers compensation insurer’s sale by Berkshire Hathway.

AM Best puts Applied’s CIC subsidiary on negative outlook amid regulatory limbo

The uncertainty around California Insurance Company (CIC) and its affiliates has prompted AM Best to assign a negative outlook to its ratings, as regulators continue to block the attempted merger of the Applied Underwriters subsidiary with a New Mexico-based insurer.

Applied Underwriters agrees Centauri deal that secures Floridian’s A rating

Applied Underwriters has bought the MGA of Florida homeowners specialist Centauri Insurance along with an option to acquire its two carrier subsidiaries in a transaction that provides them with immediate liquidity and secures their Demotech A ratings, The Insurer can reveal.

Applied rails at California regulator after court order to conserve CIC

A court has appointed a conservator and blocked the attempted merger of Applied Underwriters subsidiary California Insurance Company (CIC) with a New Mexico-based insurer, in the latest twist in the buyout of the workers compensation insurer from Berkshire Hathaway.

Applied chair Menzies hits back at CDI’s objections to buyout

Applied Underwriters has defended re-domesticating a subsidiary from California in order to complete its buyout from Berkshire Hathaway, accusing the state’s insurance department of “vacillation”, “extreme politicisation” and “glacial inertia”.

Applied Underwriters CEO seals Berkshire buyout in $920mn deal

Applied Underwriters founding CEO Steve Menzies has completed a transaction to buy the workers compensation specialist’s core insurance subsidiaries from Berkshire Hathaway in a move first revealed by The Insurer.

Region

Topics

Events & Conferences

Content Types